Agreed. Im waitingfor a small jump up to the 45-50 area to get in at a better price. This is just going to be a small trade as the trend is still up so i will probably be targeting only 30 to 40 pips. Good luck everyone with your trades.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Another thing to look at is the fact that we are still in this range. Were just at the top of it now, which would make it prime for a drop. To where, Im not entirely sure yet- but hopefully the bottom of the range.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I agree with mktjong about a potential downwards movement as friday closed as a basic hanging man formation. Hope this is good as this is the first trade back after vacation. maybe itll pay for it

Auslanco - GBP/JPY and GBP/USD (newstrade)

Not too worried about the retrace, especially if this hourly candle closes as a pin. Will wait for that and see, and then add more short if it does.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Still holdin' down the short side. Gotta love this.

Auslanco - GBP/JPY and GBP/USD (newstrade)

It looks as if though, on the 30 minute charts, a mini downtrend is complying with the continuation. From here, I think we will see a small retrace to the .90 area, and then back down to finish the last two waves. Lets see what happens.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Once the support breaks and breaks cleanly then I may make another addition to this trade. Right now, we may see a small bounce, which would just give us a better price to sell into.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Aye, Im taking out a loan so we can try to break it. If everybody does this, I think well be good!

Auslanco - GBP/JPY and GBP/USD (newstrade)

As the late great Rick James would say, cocaine is a hell of a drug! jk jk jk I do not condone any opf this type of behavior

Auslanco - GBP/JPY and GBP/USD (newstrade)

I don't really think this is necessarily high volatility news. Is it? This is one that I think just adds to the economy as a whole over time. EDIT : this is definitely worded wrong but I cant explain it..

Auslanco - GBP/JPY and GBP/USD (newstrade)

I could see that happening while trading. Most inexperienced traders are addicted to watching every single pip. When I first started, I clearly remember watching the screen for two full days. It was ridiculous looking back on it, but It definitely ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

True, I am just thinking that technically we have resistance coming up at the 229 area and below at the .80 area. I, myself, would rather scale out just a quarter of my profit and then just ride the rest down and see where we go from there. Thank ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

thinking of closing a quarter of the position now at .20

Auslanco - GBP/JPY and GBP/USD (newstrade)

thats whaty i like to see right there.

Auslanco - GBP/JPY and GBP/USD (newstrade)

stickin to the short for the time being..at least until around 4 am then gettin some rest for tomorrow.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yes sir, I do nothing that you don't. I even try to dress the same. jk

Auslanco - GBP/JPY and GBP/USD (newstrade)

hahaha that was thee best.

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LOL, my plan entirely.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I feel the same way MPP haha well at least it is still going in our direction. Could be worse.

Auslanco - GBP/JPY and GBP/USD (newstrade)

This is fairly true, I dont like to say i legally steal money from others so i just say I trade currencies in the foreign exchange market.

Trader's title